The Latin America, Middle East and Africa Cloud Billing Market would witness market growth of 17.0% CAGR during the forecast period (2022-2028).
Cloud-based billing software expand over the customer-encountering feature of the company. It is instrumental in giving companies the intelligence required to improve internal procedures. Advanced billing solutions offer insights into the consumers’ experience by making reports and gathering usage data.
For example, this method could predict data usage to find out how the goods are being utilized. Then improve them to track revenue changes after product rollouts, provide statistical data on a new product’s success, better suit customer needs, and more. One of the most convincing reasons to switch to cloud billing is to decrease the effort and cost of on-site maintenance and installation.
Through cloud-based billing software, software upgrades, purchasing hardware to handle peak seasons, buying user licenses, etc., can be done with just some clicks. Another advantage of cloud billing is that businesses are no longer required to maintain hardware, staff technical experts, as well as risk of the system becoming obsolete. Mainly, cloud-based billing software allows businesses to eliminate high IT operating prices.
The government of Dubai is focusing on Emirate’s smart dynamic transformation in order to achieve its aim of Smart Dubai Plan. A high level of digitalization is being executed as a part of their scheme to protect the digital treasure of Dubai. Governments in nations like Israel and Brazil have raised their funding for advanced technologies such as cloud computing, 5G, big data, AI (artificial intelligence), ML (machine learning), and others, which is presumed to be the reason of the market growth. As one of the Middle East's most diverse and developed economies, the United Arab Emirates has a robust healthcare infrastructure. The UAE's government has prioritized developing the best healthcare infrastructure; consequently, the sector has grown and evolved remarkably throughout the last several years. This would result in regional market growth for the cloud billing market.
The Brazil market dominated the LAMEA Cloud Billing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $205.1 million by 2028.The Argentina market is experiencing a CAGR of 17.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 16.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Service Model, the market is segmented into SaaS, IaaS and PaaS. Based on Billing Type, the market is segmented into Usage Based, Subscription, One Time and Others. Based on Deployment Type, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Education, Construction, Healthcare, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Aria Systems, Inc., Recurly, Inc., Zuora Inc., SAP SE, Oracle Corporation, Cerillion PLC, Salesforce.com, Inc., Zoho Corporation Pvt. Ltd., and CGI, Inc.
Cloud-based billing software expand over the customer-encountering feature of the company. It is instrumental in giving companies the intelligence required to improve internal procedures. Advanced billing solutions offer insights into the consumers’ experience by making reports and gathering usage data.
For example, this method could predict data usage to find out how the goods are being utilized. Then improve them to track revenue changes after product rollouts, provide statistical data on a new product’s success, better suit customer needs, and more. One of the most convincing reasons to switch to cloud billing is to decrease the effort and cost of on-site maintenance and installation.
Through cloud-based billing software, software upgrades, purchasing hardware to handle peak seasons, buying user licenses, etc., can be done with just some clicks. Another advantage of cloud billing is that businesses are no longer required to maintain hardware, staff technical experts, as well as risk of the system becoming obsolete. Mainly, cloud-based billing software allows businesses to eliminate high IT operating prices.
The government of Dubai is focusing on Emirate’s smart dynamic transformation in order to achieve its aim of Smart Dubai Plan. A high level of digitalization is being executed as a part of their scheme to protect the digital treasure of Dubai. Governments in nations like Israel and Brazil have raised their funding for advanced technologies such as cloud computing, 5G, big data, AI (artificial intelligence), ML (machine learning), and others, which is presumed to be the reason of the market growth. As one of the Middle East's most diverse and developed economies, the United Arab Emirates has a robust healthcare infrastructure. The UAE's government has prioritized developing the best healthcare infrastructure; consequently, the sector has grown and evolved remarkably throughout the last several years. This would result in regional market growth for the cloud billing market.
The Brazil market dominated the LAMEA Cloud Billing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $205.1 million by 2028.The Argentina market is experiencing a CAGR of 17.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 16.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Service Model, the market is segmented into SaaS, IaaS and PaaS. Based on Billing Type, the market is segmented into Usage Based, Subscription, One Time and Others. Based on Deployment Type, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Education, Construction, Healthcare, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Aria Systems, Inc., Recurly, Inc., Zuora Inc., SAP SE, Oracle Corporation, Cerillion PLC, Salesforce.com, Inc., Zoho Corporation Pvt. Ltd., and CGI, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Service Model
- SaaS
- IaaS
- PaaS
By Billing Type
- Usage Based
- Subscription
- One Time
- Others
By Deployment Type
- Public
- Private
- Hybrid
By Enterprise Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Vertical
- Telecom & IT
- BFSI
- Media & Entertainment
- Education
- Construction
- Healthcare
- Consumer Goods & Retail
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Aria Systems, Inc
- Recurly, Inc
- Zuora Inc
- SAP SE
- Oracle Corporation
- Cerillion PLC
- Salesforce.com, Inc
- Zoho Corporation Pvt. Ltd
- CGI, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cloud Billing Market, by Component
1.4.2 LAMEA Cloud Billing Market, by Service Model
1.4.3 LAMEA Cloud Billing Market, by Billing Type
1.4.4 LAMEA Cloud Billing Market, by Deployment Type
1.4.5 LAMEA Cloud Billing Market, by Enterprise Size
1.4.6 LAMEA Cloud Billing Market, by Vertical
1.4.7 LAMEA Cloud Billing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Cloud Billing Market
Chapter 4. LAMEA Cloud Billing Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Cloud Billing Market by Service Model
5.1 LAMEA SaaS Market by Country
5.2 LAMEA IaaS Market by Country
5.3 LAMEA PaaS Market by Country
Chapter 6. LAMEA Cloud Billing Market by Billing Type
6.1 LAMEA Usage Based Market by Country
6.2 LAMEA Subscription Market by Country
6.3 LAMEA One Time Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Cloud Billing Market by Deployment Type
7.1 LAMEA Public Market by Country
7.2 LAMEA Private Market by Country
7.3 LAMEA Hybrid Market by Country
Chapter 8. LAMEA Cloud Billing Market by Enterprise Size
8.1 LAMEA Large Enterprises Market by Country
8.2 LAMEA Small & Medium Sized Enterprises Market by Country
Chapter 9. LAMEA Cloud Billing Market by Vertical
9.1 LAMEA Telecom & IT Market by Country
9.2 LAMEA BFSI Market by Country
9.3 LAMEA Media & Entertainment Market by Country
9.4 LAMEA Education Market by Country
9.5 LAMEA Construction Market by Country
9.6 LAMEA Healthcare Market by Country
9.7 LAMEA Consumer Goods & Retail Market by Country
9.8 LAMEA Others Market by Country
Chapter 10. LAMEA Cloud Billing Market by Country
10.1 Brazil Cloud Billing Market
10.1.1 Brazil Cloud Billing Market by Component
10.1.2 Brazil Cloud Billing Market by Service Model
10.1.3 Brazil Cloud Billing Market by Billing Type
10.1.4 Brazil Cloud Billing Market by Deployment Type
10.1.5 Brazil Cloud Billing Market by Enterprise Size
10.1.6 Brazil Cloud Billing Market by Vertical
10.2 Argentina Cloud Billing Market
10.2.1 Argentina Cloud Billing Market by Component
10.2.2 Argentina Cloud Billing Market by Service Model
10.2.3 Argentina Cloud Billing Market by Billing Type
10.2.4 Argentina Cloud Billing Market by Deployment Type
10.2.5 Argentina Cloud Billing Market by Enterprise Size
10.2.6 Argentina Cloud Billing Market by Vertical
10.3 UAE Cloud Billing Market
10.3.1 UAE Cloud Billing Market by Component
10.3.2 UAE Cloud Billing Market by Service Model
10.3.3 UAE Cloud Billing Market by Billing Type
10.3.4 UAE Cloud Billing Market by Deployment Type
10.3.5 UAE Cloud Billing Market by Enterprise Size
10.3.6 UAE Cloud Billing Market by Vertical
10.4 Saudi Arabia Cloud Billing Market
10.4.1 Saudi Arabia Cloud Billing Market by Component
10.4.2 Saudi Arabia Cloud Billing Market by Service Model
10.4.3 Saudi Arabia Cloud Billing Market by Billing Type
10.4.4 Saudi Arabia Cloud Billing Market by Deployment Type
10.4.5 Saudi Arabia Cloud Billing Market by Enterprise Size
10.4.6 Saudi Arabia Cloud Billing Market by Vertical
10.5 South Africa Cloud Billing Market
10.5.1 South Africa Cloud Billing Market by Component
10.5.2 South Africa Cloud Billing Market by Service Model
10.5.3 South Africa Cloud Billing Market by Billing Type
10.5.4 South Africa Cloud Billing Market by Deployment Type
10.5.5 South Africa Cloud Billing Market by Enterprise Size
10.5.6 South Africa Cloud Billing Market by Vertical
10.6 Nigeria Cloud Billing Market
10.6.1 Nigeria Cloud Billing Market by Component
10.6.2 Nigeria Cloud Billing Market by Service Model
10.6.3 Nigeria Cloud Billing Market by Billing Type
10.6.4 Nigeria Cloud Billing Market by Deployment Type
10.6.5 Nigeria Cloud Billing Market by Enterprise Size
10.6.6 Nigeria Cloud Billing Market by Vertical
10.7 Rest of LAMEA Cloud Billing Market
10.7.1 Rest of LAMEA Cloud Billing Market by Component
10.7.2 Rest of LAMEA Cloud Billing Market by Service Model
10.7.3 Rest of LAMEA Cloud Billing Market by Billing Type
10.7.4 Rest of LAMEA Cloud Billing Market by Deployment Type
10.7.5 Rest of LAMEA Cloud Billing Market by Enterprise Size
10.7.6 Rest of LAMEA Cloud Billing Market by Vertical
Chapter 11. Company Profiles
11.1 Oracle Corporation
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.6 SWOT Analysis
11.2 SAP SE
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.6 SWOT Analysis
11.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 SWOT Analysis
11.4 CGI, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional Analysis
11.4.4 Research & Development Expense
11.4.5 SWOT Analysis
11.5 Salesforce.com, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Cerillion PLC
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.7 Zuora Inc.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Acquisition and Mergers:
11.8 Aria Systems, Inc.
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Partnerships, Collaborations, and Agreements:
11.9 Zoho Corporation Pvt. Ltd.
11.9.1 Company Overview
11.10. Recurly, Inc.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Acquisition and Mergers:
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Aria Systems, Inc.
- Recurly, Inc.
- Zuora Inc.
- SAP SE
- Oracle Corporation
- Cerillion PLC
- Salesforce.com, Inc.
- Zoho Corporation Pvt. Ltd.
- CGI, Inc.
Methodology
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